NASDAQ : TMUS
T-Mobile US, Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 147.29 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 156.02B
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Financial statements
T-Mobile US, Inc. (TMUS) reported revenue of 93.82B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 92.70B | 87.28B | 80.44B | 77.38B | 78.45B | 79.10B |
| Other Revenue | 1.11B | 1.03B | 959.00M | 1.18B | 1.12B | 1.02B |
| Revenue | 93.82B | 88.31B | 81.40B | 78.56B | 79.57B | 80.12B |
| Cost of Revenue | 34.73B | 32.53B | 29.47B | 29.55B | 32.01B | 34.57B |
| Gross Profit | 59.08B | 55.78B | 51.93B | 49.01B | 47.56B | 45.55B |
| Selling, General & Admin | 23.72B | 22.96B | 20.82B | 20.85B | 20.93B | 19.16B |
| Operating Expenses | 37.76B | 36.37B | 33.74B | 33.66B | 34.58B | 35.55B |
| Operating Income | 21.32B | 19.41B | 18.19B | 15.35B | 12.98B | 10.00B |
| Interest Expense | -4.13B | -3.77B | -3.41B | -3.33B | -3.36B | -3.34B |
| Currency Exchange Gain (Loss) | 280.00M | -661.00M | 79.00M | |||
| Other Non Operating Income (Expenses) | -708.00M | 427.00M | -101.00M | -2.00M | -39.00M | -15.00M |
| EBT Excluding Unusual Items | 16.76B | 15.40B | 14.75B | 12.01B | 9.58B | 6.64B |
| Merger & Restructuring Charges | -1.93B | -843.00M | -147.00M | -1.03B | -4.97B | -3.11B |
| Gain (Loss) on Sale of Assets | 25.00M | -1.09B | ||||
| Asset Writedown | -278.00M | -477.00M | ||||
| Other Unusual Items | -184.00M | |||||
| Pretax Income | 14.84B | 14.28B | 14.71B | 11.00B | 3.15B | 3.35B |
| Income Tax Expense | 3.54B | 3.29B | 3.37B | 2.68B | 556.00M | 327.00M |
| Earnings From Continuing Operations | 11.30B | 10.99B | 11.34B | 8.32B | 2.59B | 3.02B |
| Net Income | 11.30B | 10.99B | 11.34B | 8.32B | 2.59B | 3.02B |
| Net Income to Common | 11.30B | 10.99B | 11.34B | 8.32B | 2.59B | 3.02B |
| Shares Outstanding (Basic) | 1.09B | 1.13B | 1.17B | 1.19B | 1.25B | 1.25B |
| Shares Outstanding (Diluted) | 1.09B | 1.13B | 1.17B | 1.20B | 1.26B | 1.25B |
| EPS (Basic) | 10.36 | 9.74 | 9.70 | 7.02 | 2.07 | 2.42 |
| EPS (Diluted) | 10.34 | 9.72 | 9.66 | 6.93 | 2.06 | 2.41 |
| Free Cash Flow | 18.65B | 18.00B | 13.45B | 8.76B | 2.81B | 1.59B |
| Free Cash Flow Per Share | 17.07 | 15.91 | 11.47 | 7.30 | 2.24 | 1.27 |
| Dividend Per Share | 4.23 | 3.80 | 3.06 | 1.30 | ||
| Gross Margin | 62.98% | 63.17% | 63.79% | 62.39% | 59.77% | 56.85% |
| Operating Margin | 22.73% | 21.98% | 22.34% | 19.53% | 16.31% | 12.48% |
| Profit Margin | 12.05% | 12.45% | 13.93% | 10.59% | 3.26% | 3.77% |
| Free Cash Flow Margin | 19.88% | 20.38% | 16.53% | 11.15% | 3.53% | 1.99% |
| EBITDA | 35.36B | 32.82B | 31.11B | 28.16B | 26.63B | 26.38B |
| EBITDA Margin | 37.69% | 37.17% | 38.21% | 35.85% | 33.47% | 32.93% |
| D&A For EBITDA | 14.04B | 13.41B | 12.92B | 12.82B | 13.65B | 16.38B |
| EBIT | 21.32B | 19.41B | 18.19B | 15.35B | 12.98B | 10.00B |
| EBIT Margin | 22.73% | 21.98% | 22.34% | 19.53% | 16.31% | 12.48% |
| Effective Tax Rate | 23.83% | 23.03% | 22.93% | 24.38% | 17.67% | 9.76% |
| Revenue as Reported | 93.82B | 88.31B | 81.40B | 78.56B | 79.57B | 80.12B |
| Advertising Expenses | 3.67B | 3.07B | 2.52B | 2.31B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.62B | 5.60B | 5.41B | 5.13B | 4.51B | 6.63B |
| Cash & Short-Term Investments | 5.62B | 5.60B | 5.41B | 5.13B | 4.51B | 6.63B |
| Receivables | 10.64B | 10.79B | 9.15B | 9.64B | 9.92B | 9.16B |
| Inventory | 3.08B | 2.40B | 1.61B | 1.68B | 1.88B | 2.57B |
| Prepaid Expenses | 909.00M | 1.22B | 880.00M | 702.00M | 673.00M | 746.00M |
| Restricted Cash | 321.00M | 296.00M | 231.00M | 101.00M | 73.00M | |
| Other Current Assets | 1.26B | 4.16B | 1.13B | 1.76B | 2.01B | 1.79B |
| Total Current Assets | 21.84B | 24.46B | 18.40B | 19.02B | 19.07B | 20.89B |
| Property, Plant & Equipment | 63.23B | 66.78B | 67.02B | 70.84B | 74.06B | 70.08B |
| Goodwill | 13.66B | 13.68B | 13.01B | 12.23B | 12.23B | 12.19B |
| Other Intangible Assets | 103.05B | 101.88B | 103.07B | 99.33B | 99.31B | 97.34B |
| Long-Term Accounts Receivable | 2.81B | 3.07B | 2.44B | 2.15B | 2.72B | 2.90B |
| Long-Term Deferred Charges | 2.10B | 2.00B | 2.00B | 2.10B | 1.90B | 1.50B |
| Other Long-Term Assets | 6.42B | 7.37B | 2.10B | 2.02B | 2.05B | 1.67B |
| Total Assets | 213.10B | 219.24B | 208.03B | 207.68B | 211.34B | 206.56B |
| Accounts Payable | 3.51B | 4.40B | 3.78B | 4.83B | 6.49B | 6.12B |
| Accrued Expenses | 4.72B | 5.06B | 4.22B | 4.80B | 4.37B | 4.48B |
| Short-Term Debt | 394.00M | 823.00M | 460.00M | 740.00M | 720.00M | 378.00M |
| Current Portion of Long-Term Debt | 6.34B | 5.13B | 4.07B | 3.62B | 5.16B | 5.62B |
| Current Portion of Leases | 4.80B | 4.98B | 4.46B | 4.82B | 4.67B | 4.54B |
| Current Unearned Revenue | 1.41B | 1.53B | 1.22B | 825.00M | 780.00M | 856.00M |
| Other Current Liabilities | 2.81B | 2.58B | 1.97B | 1.30B | 2.54B | 1.50B |
| Total Current Liabilities | 23.99B | 24.50B | 20.17B | 20.93B | 24.74B | 23.50B |
| Long-Term Debt | 77.32B | 81.15B | 74.20B | 71.40B | 66.80B | 68.57B |
| Long-Term Leases | 30.13B | 31.56B | 31.78B | 33.81B | 35.71B | 30.08B |
| Pension & Post-Retirement Benefits | 176.00M | 269.00M | 350.00M | 342.00M | 633.00M | |
| Long-Term Deferred Tax Liabilities | 21.71B | 19.58B | 16.70B | 13.46B | 10.88B | 10.22B |
| Other Long-Term Liabilities | 3.64B | 3.06B | 3.18B | 3.02B | 3.21B | 4.46B |
| Total Liabilities | 156.80B | 160.03B | 146.29B | 142.97B | 141.68B | 137.46B |
| Additional Paid-In Capital | 70.09B | 69.46B | 68.80B | 67.70B | 73.94B | 73.29B |
| Retained Earnings | 26.91B | 21.14B | 14.38B | 7.35B | -223.00M | -2.81B |
| Treasury Stock | -40.10B | -30.55B | -20.58B | -9.37B | -3.02B | -13.00M |
| Comprehensive Income & Other | -595.00M | -848.00M | -857.00M | -964.00M | -1.05B | -1.36B |
| Shareholders' Equity | 56.31B | 59.20B | 61.74B | 64.72B | 69.66B | 69.10B |
| Total Liabilities & Equity | 213.10B | 219.24B | 208.03B | 207.68B | 211.34B | 206.56B |
| Total Debt | 118.99B | 123.65B | 114.96B | 114.38B | 113.07B | 109.19B |
| Net Cash (Debt) | -113.37B | -118.05B | -109.55B | -109.25B | -108.56B | -102.56B |
| Net Cash Per Share | -103.77 | -104.37 | -93.38 | -91.02 | -86.48 | -81.74 |
| Filing Date Shares Outstanding | 1.06B | 1.10B | 1.14B | 1.19B | 1.22B | 1.25B |
| Total Common Shares Outstanding | 1.06B | 1.11B | 1.14B | 1.20B | 1.23B | 1.25B |
| Working Capital | -2.15B | -39.00M | -1.77B | -1.91B | -5.67B | -2.61B |
| Book Value Per Share | 52.98 | 53.48 | 53.94 | 54.12 | 56.45 | 55.32 |
| Tangible Book Value | -60.40B | -56.35B | -54.33B | -46.84B | -41.88B | -40.42B |
| Tangible Book Value Per Share | -56.83 | -50.91 | -47.47 | -39.17 | -33.94 | -32.36 |
| Land | 100.00M | 69.00M | 72.00M | 109.00M | 225.00M | |
| Buildings | 4.52B | 4.38B | 4.46B | 4.66B | 4.34B | |
| Machinery | 30.00M | 145.00M | 400.00M | 1.42B | 3.83B | |
| Construction In Progress | 2.33B | 3.38B | 3.29B | 4.60B | 3.70B | |
| Leasehold Improvements | 2.75B | 2.59B | 2.49B | 2.33B | 2.16B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.30B | 10.99B | 11.34B | 8.32B | 2.59B | 3.02B |
| Depreciation & Amortization | 14.04B | 13.41B | 12.92B | 12.82B | 13.65B | 16.38B |
| Loss (Gain) From Sale of Assets | 9.00M | 377.00M | ||||
| Asset Writedown & Restructuring Costs | 418.00M | 375.00M | 477.00M | |||
| Stock-Based Compensation | 836.00M | 829.00M | 649.00M | 667.00M | 595.00M | 540.00M |
| Provision & Write-off of Bad Debts | 1.71B | 1.37B | 1.19B | 898.00M | 1.03B | 452.00M |
| Other Operating Activities | 3.49B | 3.37B | 3.20B | 2.91B | 1.12B | 632.00M |
| Change in Accounts Receivable | -1.60B | -1.63B | -3.61B | -4.87B | -6.34B | -6.37B |
| Change in Inventory | -688.00M | -615.00M | 131.00M | 197.00M | 744.00M | 201.00M |
| Change in Accounts Payable | -281.00M | 1.54B | -2.04B | -1.13B | 558.00M | 549.00M |
| Change in Other Net Operating Assets | -508.00M | -1.69B | -1.49B | -1.26B | 1.99B | -1.50B |
| Operating Cash Flow | 28.72B | 27.95B | 22.29B | 18.56B | 16.78B | 13.92B |
| Capital Expenditures | -10.06B | -9.96B | -8.84B | -9.80B | -13.97B | -12.33B |
| Sale of Property, Plant & Equipment | 3.12B | 2.17B | 99.00M | 165.00M | 9.00M | 40.00M |
| Cash Acquisitions | -1.00M | -3.52B | -373.00M | -52.00M | -1.92B | |
| Sale (Purchase) of Intangibles | -897.00M | -2.57B | -3.47B | -1.01B | -3.33B | -9.37B |
| Investment in Securities | -4.06B | -18.00M | -7.00M | |||
| Other Investing Activities | -195.00M | 327.00M | -48.00M | 8.00M | 149.00M | 51.00M |
| Investing Cash Flow | -8.04B | -17.61B | -9.07B | -5.83B | -12.36B | -19.39B |
| Long-Term Debt Issued | 12.01B | 8.59B | 8.45B | 3.71B | 14.73B | |
| Total Debt Issued | 10.63B | 12.01B | 8.59B | 8.45B | 3.71B | 14.73B |
| Short-Term Debt Repaid | -184.00M | |||||
| Long-Term Debt Repaid | -7.45B | -6.44B | -6.28B | -6.79B | -12.21B | |
| Total Debt Repaid | -12.06B | -7.45B | -6.44B | -6.28B | -6.79B | -12.39B |
| Net Debt Issued (Repaid) | -1.42B | 4.56B | 2.15B | 2.17B | -3.08B | 2.33B |
| Repurchase of Common Stock | -12.32B | -10.41B | -11.50B | -13.37B | -3.24B | -316.00M |
| Common Dividends Paid | -4.45B | -4.12B | -3.30B | -747.00M | ||
| Dividends Paid | -4.45B | -4.12B | -3.30B | -747.00M | ||
| Other Financing Activities | -114.00M | -111.00M | -165.00M | -147.00M | -127.00M | -307.00M |
| Financing Cash Flow | -18.30B | -10.08B | -12.81B | -12.10B | -6.45B | 1.71B |
| Foreign Exchange Rate Adjustments | -12.00M | 1.00M | ||||
| Net Cash Flow | 2.36B | 263.00M | 406.00M | 633.00M | -2.03B | -3.76B |
| Free Cash Flow | 18.65B | 18.00B | 13.45B | 8.76B | 2.81B | 1.59B |
| Free Cash Flow Margin | 19.88% | 20.38% | 16.53% | 11.15% | 3.53% | 1.99% |
| Free Cash Flow Per Share | 17.07 | 15.91 | 11.47 | 7.30 | 2.24 | 1.27 |
| Levered Free Cash Flow | 16.36B | 8.00B | 10.81B | 8.43B | 3.89B | -608.38M |
| Unlevered Free Cash Flow | 18.94B | 10.36B | 12.94B | 10.51B | 5.99B | 1.48B |
| Cash Interest Paid | 4.08B | 3.88B | 3.68B | 3.55B | 3.48B | 3.72B |
| Cash Income Tax Paid | 810.00M | 451.00M | 179.00M | 108.00M | 76.00M | 167.00M |
| Change in Working Capital | -3.08B | -2.39B | -7.01B | -7.06B | -3.06B | -7.11B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 168.51B | 227.10B | 256.15B | 185.42B | 174.18B | 144.87B |
| Enterprise Value | 281.88B | 345.12B | 363.51B | 295.00B | 281.91B | 248.49B |
| Last Close Price | 156.44 | 199.82 | 213.90 | 153.11 | 133.11 | 110.27 |
| PE Ratio | 15.38 | 20.66 | 22.59 | 22.29 | 67.25 | 47.91 |
| Forward PE | 11.64 | 18.98 | 20.97 | 17.24 | 22.36 | 41.70 |
| PS Ratio | 1.77 | 2.57 | 3.15 | 2.36 | 2.19 | 1.81 |
| PB Ratio | 2.95 | 3.84 | 4.15 | 2.87 | 2.50 | 2.10 |
| P/FCF Ratio | 8.88 | 12.62 | 19.04 | 21.17 | 61.96 | 91.05 |
| P/OCF Ratio | 5.77 | 8.12 | 11.49 | 9.99 | 10.38 | 10.41 |
| PEG Ratio | 0.64 | 1.25 | 1.03 | 0.30 | 0.47 | 1.16 |
| EV/Sales Ratio | 2.97 | 3.91 | 4.47 | 3.75 | 3.54 | 3.10 |
| EV/EBITDA Ratio | 7.89 | 10.52 | 11.69 | 10.47 | 10.59 | 9.42 |
| EV/EBIT Ratio | 13.09 | 17.78 | 19.99 | 19.22 | 21.71 | 24.85 |
| EV/FCF Ratio | 14.96 | 19.18 | 27.02 | 33.68 | 100.29 | 156.18 |
| Debt / Equity Ratio | 2.11 | 2.09 | 1.86 | 1.77 | 1.62 | 1.58 |
| Debt / EBITDA Ratio | 2.90 | 3.25 | 3.18 | 3.41 | 3.36 | 3.34 |
| Debt / FCF Ratio | 6.38 | 6.87 | 8.54 | 13.06 | 40.22 | 68.63 |
| Net Debt / Equity Ratio | 2.01 | 1.99 | 1.77 | 1.69 | 1.56 | 1.48 |
| Net Debt / EBITDA Ratio | 3.21 | 3.60 | 3.52 | 3.88 | 4.08 | 3.89 |
| Net Debt / FCF Ratio | 6.08 | 6.56 | 8.14 | 12.47 | 38.62 | 64.47 |
| Asset Turnover | 0.44 | 0.41 | 0.39 | 0.38 | 0.38 | 0.39 |
| Inventory Turnover | 12.73 | 16.22 | 17.94 | 16.59 | 14.38 | 13.57 |
| Quick Ratio | 0.68 | 0.67 | 0.72 | 0.71 | 0.58 | 0.67 |
| Current Ratio | 0.91 | 1.00 | 0.91 | 0.91 | 0.77 | 0.89 |
| Return on Equity (ROE) | 19.35% | 18.18% | 17.93% | 12.38% | 3.73% | 4.50% |
| Return on Assets (ROA) | 6.19% | 5.68% | 5.47% | 4.58% | 3.88% | 3.07% |
| Return on Invested Capital (ROIC) | 9.45% | 8.57% | 8.12% | 6.59% | 6.11% | 5.41% |
| Return on Capital Employed (ROCE) | 11.30% | 10.00% | 9.70% | 8.20% | 7.00% | 5.50% |
| Earnings Yield | 6.50% | 4.84% | 4.43% | 4.49% | 1.49% | 2.09% |
| FCF Yield | 11.26% | 7.92% | 5.25% | 4.72% | 1.61% | 1.10% |
| Dividend Yield | 2.94% | 1.85% | 1.37% | 0.84% | ||
| Payout Ratio | 45.26% | 37.49% | 29.10% | 8.98% | ||
| Buyback Yield / Dilution | 4.39% | 3.59% | 2.25% | 4.39% | -0.05% | -8.66% |
| Total Shareholder Return | 7.38% | 5.44% | 3.62% | 5.23% | -0.05% | -8.66% |